Since 2005, India's electricity consumption has grown rapidly at an average annual growth rate of 7.7%, exceeding its average annual growth rate of electricity production of 6.7%. Between 2005 and 2015, India's installed power capacity increased steadily at an average annual growth rate of 8.4%, reaching 320 kilowatts. Among them, thermal power generation (coal) accounts for 63%, hydropower generation accounts for 13%, and natural gas power generation accounts for 9%. The increased installed power capacity mainly includes thermal power generation capacity of 120 kilowatts, onshore wind power generation capacity and natural gas power generation capacity of 21 kilowatts and 12 kilowatts respectively.
60% of the power equipment is provided by China. China is also actively involved in the construction of power projects in India, including India's Shah San 6×660 MW ultra-large coal power station. This is the largest coal power station in the world.
India is in arrears
In June 2008, Shanghai Electric undertook the project and signed an "Equipment Supply and Service Contract" with the British general contractor RelianceUK. The contract amount was US$1.311 billion. The company served as the supplier to India. The Shah Seng 6*660MW ultra-large supercritical coal-fired power plant project provides major equipment and related services, but India failed to pay according to the project progress.
In line with the principle of international friendliness, Shanghai Electric advanced its own funds to complete the supply. In 2014, Unit 1 of the six 660,000-kilowatt ultra-large power station in Shah Sanh, India, was officially put into commercial operation. During the overload and stable operation of the unit, the absolute vibration and Relative vibration, high and low pressure cylinder difference Expansion, shaft displacement, bearing metal temperature, inference tile temperature, lubricating oil system, DEH oil system, vacuum system, hydrogen system, boiler fire inspection, boiler wall temperature and other indicators are excellent, and each system and ancillary equipment are running stably. The thermal control automatic input rate is 100%, and the successful operation of India's Shasheng 6×660 MW ultra-large coal power station also demonstrates China's world-leading power technology.
The coal power station has been successfully operated. Logically, the money should have been paid out. However, India has not given any money. , In 2019, Shanghai Electric really couldn’t bear it anymore. Shanghai Electric sued the UK company in the Singapore court. , requiring the UK company to pay a total of US$1.3 billion in payment and other expenses as stipulated in the contract, and withheld some equipment.
But what Shanghai Electric did not expect was that India not only refused to pay, but in 2021, India took Shanghai Electric to court, claiming that the equipment was defective and demanding Shanghai Electric pay 2.1 billion in compensation. Of course, RelianceUK was also sued by India. It said that RelianceUK failed to find a good supplier and also requested to trace Shanghai Electric's property in India. However, the lawsuit was eventually dismissed. Now Shanghai Electric was completely shocked and only issued the announcement.
In fact, China is the actual contractor of the Shah Seng 6×660 MW ultra-large coal power station in India. Under the leadership of Shanghai Electric, the Central South Institute of China Electric Power Engineering is responsible for the supercritical fuel-fired power plant project (6×660 MW) in India. Coal unit design, Shengu provided water pump units for India's Shah Seng 6×660MW ultra-large power station, and China Energy Construction was responsible for the generator Wait,
this is not the first time
In fact, this is not the first time that India has done this. Fida Environmental Protection, the leading brother in the field of flue gas purification of coal-fired power stations in China, has undertaken the construction of 4 coal-fired power stations in India. The electrostatic precipitator project has a project cost of 717 million yuan. Currently, there are still uncarried-over inventory costs and uncollected claims totaling 142 million yuan.
In addition, Feida Environmental Protection and India's BGR signed the Callison Project and the Maituo Project for electrostatic precipitation, and completed all installation and debugging work of the two projects in December 2015. There is still 25 million that has not been paid. Fida Environmental Protection should be lucky that at least India has paid it part of the money.
In fact, as early as 2013, Morgan Stanley data showed that the proportion of non-performing loans and restructured loans in the Indian banking industry to assets has risen to about 9%. This value will still rise in the future, and asset quality will If it falls further, it will be difficult for some large and medium-sized industrial enterprises to repay their loans. To put it simply, don’t cooperate with India, otherwise the possibility of not getting money will be higher.
Summary
Of course, Shanghai Electric still has many projects in India. For example, recently, the first unit of the mechanical and electrical equipment complete set project of Tutpalli Water Conservancy Pumping Station in India, contracted by Shanghai Electric Power Station Group, was successfully debugged with water at full load. This project not only It has refreshed the single-machine power record of the vertical synchronous motor in operation, and also refreshed the maximum capacity record of Fujifilm's global inverter.
Although the project has set so many records, we still hope that Shanghai Electric can recover its money.
